Effective January 01, 2023
ONLINE BANKING
TERMS AND CONDITIONS
Finally, you must give your consent electronically in response to our request. You
understand prior to giving your consent that:
(1)
Your consent applies to disclosures and notices regarding your accounts orour
internet service, and it applies to your periodic account statements;
(2)
Unless you consent, you have the right to receive all required disclosures in
paper or non-electronic form;
Please read these Terms and Conditions carefully and keep them for future reference.
Definitions. The words you and your refer to either and all of the persons signing the
Application. The words we, us, and our refer to the State Bank of India (California)
identified in the Application. The words your deposit accounts refer to the deposit
accounts with us identified in the Application. The words your loan accounts refer to the
loan accounts with us on which either or all of you are obligated to us. The words your
accounts refer to your deposit accounts and your loan accounts. The words our internet
service refer to our Consumer Online Banking. The word terms refers to these Terms
and Conditions. ACH refers to Automated Clearing House.
Security. We work hard to make our website secure. We will employ such security
measures as in our reasonable judgment are appropriate to secure our website. You will
not use our website for unauthorized purposes. We may monitor and audit transactions
made through our website.
Access to Accounts Via the Internet. Subject to the terms set forth below, we will
provide you with our internet service pursuant to which you can access your accounts
by computer via the internet through our website using your username and password
and providing such other information as may be required by our website to accomplish
the following:
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Transfer funds between your deposit accounts.
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Make payments from your deposit accounts to third parties pursuant toour
Online Bill Payment Program described below.
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Get information about your accounts, such as account balances or information
on deposits or withdrawals.
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The following frequency and/or dollar limitations apply to transfers pursuantto
our internet service:
Bill Pay transactions - $10,000.00 for single transaction, $20,000.00 for daily
limit
ACH Transfers: internal to external - $5,000 daily limit
ACH Transfers: external to internal - $10,000.00 daily limit
People Pay: Overall Limit ā$500.00 for single transaction $ 1,000.00 daily.
Foreign Remittance Transfers ā Based on your account type, up to $50,000 daily
limit. Some accounts may have higher limits based on pre-approval.
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In addition to any charges indicated elsewhere in this or other agreements or
disclosures, we charge as follows for transfers pursuant to our internet service:
ACH Internal to External transfers - $5.00 per transfer
Foreign Remittance Transfers - See Schedule of Fees
We will have no obligation to carry out any transfers or payments unless there are
sufficient funds in the pertinent deposit account or any overdraft line of credit on that
deposit account. We will promptly provide you with a username, password, the address
of our website through which you can access your accounts, and such other information
as you will need to participate in our internet service. You can arrange for a change of
your password by calling the number set forth below. Please see the Limitations on
Frequency of Transfers below.
Online Bill Payment Program. Except as otherwise provided in a future separate
written agreement (which will be required for payments via ACH), the following is our
Online Bill Payment Program:
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We will make payments from any of your checking accounts identified in the
Application to third parties by preparing, signing, and mailing checks drawn on
such accounts on your behalf per your instructions on our website.
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We will not be responsible for tardiness of payments if they are mailed within
seven full business days after the later of (a) the date your instructions are entered
on our website, or (b) a subsequent date stated in your instructions on our website.
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Unless otherwise required by law, we will not be liable for indirect, special, or
consequential damages for failure to mail, or erroneous or tardy mailing, under
this program.
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There are no additional charges for our Online Bill Payment Program.
Hardware and Software Requirements. We will promptly provide you with a statement
of the computer hardware and software requirements to participate in our internet
service. We can change these requirements and will give you advance notice of any
such changes. Unless you comply with such changes, you will not be able to participate
further in our internet service. You are solely responsible for setting up and maintaining
your computer hardware and software and satisfying all hardware and software
requirements.
Electronic Disclosures and Notices. This Disclosure describes the process that must
occur before we can provide you with electronic disclosures and notices (such as by
email or website). It also describes your rights in the event you consent to receiving
electronic disclosures and notices. First we must inform you as to the computer hardware
and software requirements to receive and keep the electronic disclosures and notices.
Then we must make an electronic request for your consent.
(3)
Even after consent, if you want to receive a paper copy of the disclosure in
addition to the electronic disclosure you can obtain one free of charge by calling
us;
(4)
You can withdraw your consent at any time by calling us; and
(5)
You must promptly provide us with the information (such as an email address)
needed to communicate with you electronically and update us as to any changes
in such information by calling us.
We reserve the right to provide any disclosures or notices in writing, rather than
electronically. Except as otherwise provided in this or other agreements, by law, or on
our website, you cannot give us notices electronically, and all notices from you must be
in writing.
Stop-Payment Orders. To be effective, a stop-payment order must be received in time
to allow us a reasonable opportunity to act on it, and for some ACH debits must be
received at least three banking days before the scheduled date of transfer. To be
effective, a stop-payment order must identify the payment sufficiently to allow us a
reasonable opportunity to act on it. If the payment is by check, or if the payment is by
ACH debit and we give notice at the time an oral stop-payment order is received that
written confirmation is required and provide an address where the written confirmation
can be sent, an oral stop-payment order is effective for 14 calendar days only, unless
confirmed in writing within the 14-day period. Properly signed written stop payment
orders are effective for 6 months after date received and will automatically expire after
that period unless renewed in writing. With respect to ACH debits, you and we agree to
abide by the ACH rules and regulations regarding stop-payment orders.
We will charge you $10.00 for each stop-payment order you give.
Hours of Operation. You ordinarily can participate in our internet service 24 hours a
day - 7 days a week. However, we reserve the right to suspend our internet service from
time to time as we deem appropriate.
Transaction Posting. Transactions entered on our website on or before 3:00 PM CST
for Bill Pay transactions, 7:55 PM CST for ACH transfers (internal to external or external
to internal), or 7:30 PM PST for People Pay transactions on any business day will be
posted on the same day. Transactions entered on our website on weekends, federal
holidays or after 3:00 PM CST for Bill Pay transactions, 7:55 PM CST for ACH transfers
(internal to external or external to internal), or 7:30 PM PST for People Pay transactions
on a business day will be posted by the end of the next businessday.
Assignment and Delegation. We can assign our interest and responsibilities under this
agreement, delegate our responsibilities under this agreement, and use independent
contractors to perform or assist in the performance of our responsibilities under this
agreement, as we deem appropriate.
Limitations on Frequency of Transfers. In addition to those limitations on transfers
elsewhere described, if any, the following limitations apply:
Regardless of anything else in this or other agreements, transfers and withdrawals from
a savings account to another of your accounts or to third parties by preauthorized,
automatic, telephonic, or computer transfer, or by check, draft, debit card, or similar order
to third parties, cannot exceed six per calendar month or statement cycle of at least four
weeks.
For security reasons, there may be other limitations on the number of transfers you can
make.
Termination. We can terminate your right to participate in our internet service at any
time if you fail to comply with these terms or the terms of your account agreements with
us, including any failure to pay a required fee. Either you or we can terminate this
agreement without cause upon 30 days advance notice.
Changes in Terms. We can change these terms by giving you notice as required by
law. Continued use of our internet service by you after notice of a change in terms
constitutes acceptance of the change.
Notices. Notices must be in writing and mailed or hand delivered, except that we can
give them to you electronically if you have so consented. Notices to you are effective
when given, regardless of whether you receive them. Notices to us are effective only
when we actually receive them in writing.
Irreconcilable Conflicts. These terms supersede those of your deposit or loan account
agreements to the extent they cannot be reconciled. You expressly waive any deposit
account agreement requirements of one or more signatures for withdrawal when using
our internet service. Any one of the persons authorized to make withdrawals from your
deposit accounts is authorized to make transfers pursuant to our internet service, even
if your account agreements provide that multiple signatures are required for withdrawal.
FEES
Except as indicated elsewhere in this or other agreements or disclosures, we do not
charge for our internet service.
We can debit any fees to any of your deposit accounts without notice.
DOCUMENTATION
Periodic Statements. You will get a monthly account statement from us for your deposit
accounts, unless there are no transfers in a particular month, in which case you will get
a statement at least quarterly.
Ā© 2005 Wolters Kluwer Financial Services ā Bankers Systemsā¢ Form INET-AGR-BRO 6/1/2005 Custom 11d 200286630-010
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